Thai Oil PCL (LQZ) - Net Assets
Based on the latest financial reports, Thai Oil PCL (LQZ) has net assets worth €215.87 Billion EUR (≈ $252.37 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€470.20 Billion ≈ $549.72 Billion USD) and total liabilities (€254.34 Billion ≈ $297.35 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check LQZ strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €215.87 Billion |
| % of Total Assets | 45.91% |
| Annual Growth Rate | 6.23% |
| 5-Year Change | 56.82% |
| 10-Year Change | N/A |
| Growth Volatility | 10.92 |
Thai Oil PCL - Net Assets Trend (2018–2025)
This chart illustrates how Thai Oil PCL's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of Thai Oil PCL.
Annual Net Assets for Thai Oil PCL (2018–2025)
The table below shows the annual net assets of Thai Oil PCL from 2018 to 2025. Also explore LQZ year-over-year net asset growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €193.03 Billion ≈ $225.67 Billion |
+16.15% |
| 2024-12-31 | €166.18 Billion ≈ $194.29 Billion |
-1.26% |
| 2023-12-31 | €168.31 Billion ≈ $196.77 Billion |
+6.09% |
| 2022-12-31 | €158.66 Billion ≈ $185.49 Billion |
+28.89% |
| 2021-12-31 | €123.09 Billion ≈ $143.91 Billion |
+2.48% |
| 2020-12-31 | €120.12 Billion ≈ $140.43 Billion |
-3.07% |
| 2019-12-31 | €123.92 Billion ≈ $144.88 Billion |
-2.02% |
| 2018-12-31 | €126.47 Billion ≈ $147.86 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Thai Oil PCL's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 58.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €152.98 Billion | 88.97% |
| Other Components | €18.97 Billion | 11.03% |
| Total Equity | €171.95 Billion | 100.00% |
Thai Oil PCL Competitors by Market Cap
The table below lists competitors of Thai Oil PCL ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Northcoders Group PLC
LSE:CODE
|
$19.01K |
|
Thai Oil Public Company Limited
F:LQZ
|
$19.06K |
|
Karelian Diamond Resources PLC
LSE:KDR
|
$19.12K |
|
Catenai PLC
LSE:CTAI
|
$19.19K |
|
ATHANASE INNOVATION AB
F:H6H
|
$18.87K |
|
Sunrise Resources Plc
LSE:SRES
|
$18.82K |
|
Centaur Media
LSE:CAU
|
$18.61K |
|
MONTEGO RESOURCES INC.
F:4MO
|
$18.41K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thai Oil PCL's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 163,446,333,052 to 171,952,733,507, a change of 8,506,400,455 (5.2%).
- Net income of 14,584,200,646 contributed positively to equity growth.
- Dividend payments of 3,350,648,814 reduced retained earnings.
- Other factors decreased equity by 2,727,151,377.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €14.58 Billion | +8.48% |
| Dividends Paid | €3.35 Billion | -1.95% |
| Other Changes | €-2.73 Billion | -1.59% |
| Total Change | €- | 5.20% |
Book Value vs Market Value Analysis
This analysis compares Thai Oil PCL's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.02x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | €59.38 | €1.71 | x |
| 2019-12-31 | €58.53 | €1.71 | x |
| 2020-12-31 | €56.70 | €1.71 | x |
| 2021-12-31 | €58.97 | €1.71 | x |
| 2022-12-31 | €69.85 | €1.71 | x |
| 2023-12-31 | €74.12 | €1.71 | x |
| 2024-12-31 | €73.17 | €1.71 | x |
| 2025-12-31 | €76.98 | €1.71 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thai Oil PCL utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.48%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.70%
- • Asset Turnover: 0.92x
- • Equity Multiplier: 2.48x
- Recent ROE (8.48%) is above the historical average (6.86%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 8.34% | 2.61% | 1.45x | 2.21x | €-2.02 Billion |
| 2019 | -8.31% | -3.27% | 1.07x | 2.36x | €-21.97 Billion |
| 2020 | -2.84% | -1.36% | 0.79x | 2.63x | €-14.92 Billion |
| 2021 | 10.41% | 3.75% | 0.93x | 3.00x | €489.95 Million |
| 2022 | 20.94% | 6.46% | 1.14x | 2.85x | €17.06 Billion |
| 2023 | 11.74% | 4.23% | 1.09x | 2.54x | €2.89 Billion |
| 2024 | 6.09% | 2.18% | 1.11x | 2.50x | €-6.39 Billion |
| 2025 | 8.48% | 3.70% | 0.92x | 2.48x | €-2.61 Billion |
Industry Comparison
This section compares Thai Oil PCL's net assets metrics with peer companies in the same industry.
No peer company data available for comparison.
About Thai Oil PCL
Thai Oil PCL operates in various business sectors.